A Seattle company is going to pay its employees at least $70,000 a year.
Dan Price, the CEO of Gravity Payments, made the announcement that he will help finance the new minimum wage by cutting his own remuneration from $1 million a year, down to the $70,000 mark.
"I really do view everything I do as a responsibility and seeing growing inequality and how it is harder to just make ends meet and live the normal American dream," said Price. "Things are getting more expensive, especially in a city like Seattle and the wages aren't keeping up."
Price had been planning the change over the past few weeks, but wanted to surprise everyone at the end of the quarter.
Why are Westerners so obssessed with "inequality". Asians focus on poverty reduction which makes a lot more $en$e.
What is Dan Price's net worth? This looks like a stunt that means very little to his own personal wealth.
It is a nice stunt for his employees
Quote from: "gbb"
Not nearly as much as for his company right.
Quote from: "gbb"
Dan Price, the CEO of Gravity Payments, made the announcement that he will help finance the new minimum wage by cutting his own remuneration from $1 million a year, down to the $70,000 mark.
"I really do view everything I do as a responsibility and seeing growing inequality and how it is harder to just make ends meet and live the normal American dream," said Price. "Things are getting more expensive, especially in a city like Seattle and the wages aren't keeping up."
Price had been planning the change over the past few weeks, but wanted to surprise everyone at the end of the quarter.
SMART!
Quote from: "RW"
Quote from: "gbb"
Dan Price, the CEO of Gravity Payments, made the announcement that he will help finance the new minimum wage by cutting his own remuneration from $1 million a year, down to the $70,000 mark.
"I really do view everything I do as a responsibility and seeing growing inequality and how it is harder to just make ends meet and live the normal American dream," said Price. "Things are getting more expensive, especially in a city like Seattle and the wages aren't keeping up."
Price had been planning the change over the past few weeks, but wanted to surprise everyone at the end of the quarter.
SMART!
I agree, he's a smart businessman. You can't put a price on this kind of publicity. His next venture will be amazing and there WILL be a next one. He'll be in the same financial league as Zuckerberg in the coming years.
He's a fricking dice roller. They came up for him once. Next time they won't and there will be no money to pay anyone.
Talk is always cheap "today" .. but a year or 2 from now?
Quote from: "cc la femme"
Talk is always cheap "today" .. but a year or 2 from now?
Then there's that too CC.